Discover and read the best of Twitter Threads about #whatsthediff

Most recents (1)

Also true in most other OECD countries too, incl. Canada and Australia (both have record-high profit shares). It is decisions by firms to increase prices that are the proximate cause of inflation, and they've been lifting them substantially more than their own costs require. /2
I'm amazed at how both the economic right & moral legitimacy of firms literally *causing* inflation are absolutely taken for granted in policy discussions of inflation control. Do we blame 'greed'? Of course not: firms are *supposed* to maximize their profits! #WhatsTheDiff /3
In this view the only way to stop firms from increasing prices more than costs is to take away purchasing power from people paying those prices: punishing the victims. Trying to *protect* the victims (with higher wages, benefits, subsidies) is then seen as 'causing' inflation. /4
Read 4 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!